Shyam Metalics and Energy vs Jai Balaji Industries: Share Price, Comparison and Key Differences

Shyam Metalics and Energy vs Jai Balaji Industries is a comparison steel investors look up when evaluating two listed Indian mid-size integrated steel companies. Shyam Metalics and Energy, a Kolkata-based company, is an integrated steel and ferro alloys company manufacturing sponge iron, billets, TMT bars, wire rods and ferro alloys (silico manganese, ferro silicon) in West Bengal. Jai Balaji Industries, a Kolkata-based company, is a mid-size integrated steel manufacturer producing sponge iron, steel billets, TMT bars and ductile iron pipes for the construction and infrastructure market. Both Shyam Metalics vs Jai Balaji Industries are Kolkata-based steel companies in the long steel segment.

This Shyam Metalics and Energy vs Jai Balaji Industries article covers reach and market position, key products, latest declared results and stock valuation. All data is sourced from Groww and public company filings.

Reach and Market Position

In this Shyam Metalics and Energy vs Jai Balaji Industries comparison, Shyam Metalics manufactures sponge iron, billets, TMT bars, wire rods and ferro alloys from its plants in Sambalpur (Odisha) and Jamuria (West Bengal). Market capitalisation is Rs 27,975 Cr.

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Jai Balaji Industries manufactures sponge iron, steel billets, TMT bars and DI (ductile iron) pipes from its plants in West Bengal and Orissa. Market capitalisation is Rs 5,985 Cr.

Key Products and Business Mix

For the Shyam Metalics and Energy vs Jai Balaji Industries product breakdown, Shyam Metalics and Energy: Shyam Metalics earns from TMT bars, wire rods, sponge iron, billets and ferro alloys. EPS is Rs 40.13. PE is 24.97x, ROE 9.29 percent, D/E 0.09 (very low debt). Div 0.45 percent.

Jai Balaji Industries: Jai Balaji earns from TMT bars, sponge iron, billets and DI pipes. EPS is Rs 3.21. PE is 20.44x, ROE 13.18 percent, D/E 0.21.

Latest Results and Financial Data

On the Shyam Metalics and Energy vs Jai Balaji Industries results front: Shyam Metalics has a market cap of Rs 27,975 Cr and PE of 24.97x. ROE is 9.29 percent with very low debt. Shyam Metalics is 4.7 times larger than Jai Balaji Industries.

Jai Balaji Industries has a market cap of Rs 5,985 Cr and PE of 20.44x. ROE is 13.18 percent – higher than Shyam Metalics despite being smaller. Jai Balaji is cheaper on PE.

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Stock Performance and Valuation

Investors tracking the Shyam Metalics and Energy vs Jai Balaji Industries comparison should verify current prices on NSE or BSE before trading. The Shyam Metalics and Energy vs Jai Balaji Industries stock data below reflects the latest available figures from Groww and public company filings.

Shyam Metalics vs Jai Balaji at current valuations: Shyam trades at Rs 27,975 Cr market cap, PE 24.97x, ROE 9.29 percent. Jai Balaji trades at Rs 5,985 Cr market cap, PE 20.44x, ROE 13.18 percent. Jai Balaji is cheaper on PE with a higher ROE. Shyam is much larger with minimal debt.

Shyam Metalics and Energy vs Jai Balaji Industries: Quick Comparison Table

The comparison table below summarises the key metrics side by side.

Parameter	Shyam Metalics and Energy	Jai Balaji Industries
Sector	Integrated steel + ferro alloys: TMT, wire rod, silico manganese (WB, Odisha)	Integrated steel + DI pipes: TMT bars, billets, ductile iron pipes (WB, Orissa)
Market Cap	Rs 27,975 Cr	Rs 5,985 Cr
P/E Ratio	24.97x	20.44x
ROE	9.29%	13.18%
Debt to Equity	0.09 (very low)	0.21
Products	TMT bars + wire rods + ferro alloys + sponge iron	TMT bars + DI pipes + sponge iron + billets
Dividend Yield	0.45%	None

Conclusion

The Shyam Metalics and Energy vs Jai Balaji Industries comparison above covers reach, products, results and valuation. Shyam Metalics and Energy vs Jai Balaji Industries covers two Kolkata-based mid-size integrated steel companies. Shyam Metalics has the scale advantage and minimal debt with ferro alloy diversification. Jai Balaji has a smaller size but higher ROE at a cheaper PE. Shyam vs Jai Balaji investors should track steel prices, construction demand for TMT bars and infrastructure spending. Consult a SEBI-registered advisor for personalised guidance.

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Frequently Asked Questions

What does Shyam Metalics and Energy make?

Ans. Shyam Metalics manufactures TMT bars (for construction), wire rods (for engineering), billets, sponge iron (DRI) and ferro alloys (silico manganese, ferro silicon) used in steelmaking.

What does Jai Balaji Industries make?

Ans. Jai Balaji Industries manufactures TMT bars, steel billets, sponge iron and ductile iron (DI) pipes used in water, gas and sewage distribution infrastructure.

What is sponge iron (DRI)?

Ans. Sponge iron (Direct Reduced Iron or DRI) is iron ore that has been reduced to metallic iron in solid state without melting. It is a key raw material for electric arc furnace-based integrated steel plants.

What is a ductile iron (DI) pipe?

Ans. Ductile iron pipes are cast iron pipes with enhanced strength and flexibility used for water supply, gas distribution and sewage systems in municipalities. Jai Balaji is one of India's DI pipe manufacturers.

Are Shyam Metalics and Jai Balaji in Nifty 50?

Ans. Neither is in Nifty 50. Both are tracked in smaller indices.

Which is larger?

Ans. Shyam Metalics at Rs 27,975 Cr is approximately 4.7 times larger than Jai Balaji Industries at Rs 5,985 Cr.

Does Shyam Metalics pay dividends?

Ans. Yes. Shyam Metalics pays a small dividend yield of approximately 0.45 percent.